annual turnover to electricity theft, Energy Minister Dipuo Peters said
5 850 gigawatt-hours, of the electricity utility’s losses in the 2008/09
financial year appeared to be the result of theft.
the company, and the same figure for municipalities, the minister said.
customers who buy electricity at an average of 62c/kWh (kilowatt-hour), then the
financial implications are from R2.5 billion to R3.6 billion per year.
estimated that the same amount of energy is lost by the municipalities.”
loss were legal, the consumers would have received a percentage of their power
use as free basic electricity (FBE).
it means the free basic electricity would have reduced the losses to around 72%
of the above values and thus the loss would be reduced to R1.8?billion to
R2.6 billion per year.
the impact of FBE, the financial value amounts to R4.4 billion of lost revenue
due to electricity theft,” she said, adding that: “This would be more than 5% of
turnover, indicating the seriousness of the problem.”
instability and conceded it contributed to higher electricity prices as the
losses were built into tariff increase applications.
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